A lot can happen in a 'few years,' both for you and in Thailand! There's no real upside to opening an account until you need it. Keep your money with you until closer to the time.

@Jae ****

But not a bed of roses for BRICS:

Brazil: Political instability and corruption scandals.

Russia: Sanctions and economic isolation.

India: High unemployment and inflation.

China: Slowing economic growth and high debt levels.

South Africa: Political uncertainty and governance issues.

Thailand: Economic recovery post-pandemic, political uncertainty, and tourism dependency.

G7

United States: Strong economic growth, technological innovation, and a robust financial sector.

Germany: Industrial powerhouse, strong manufacturing sector, and fiscal stability.

Japan: Advanced technology, high levels of innovation, and strong export economy.

United Kingdom: Global financial center, strong service sector, and high levels of foreign investment.

Canada: Stable political environment, rich natural resources, and strong banking system

Where are all these people coming from with all these voodoo mysterious projections? This is like reading flyers dropped by the Nazis in World War II. We’re at the white cliffs of Dover: 'Join us before it's too late.' Move 10,000 at 4.5% from the UK to Thailand at 1.25% if you're lucky, and then there are transfer fees? And the dollar is going to sink like the Titanic, and only James Cameron can bring it back up in a year or two with 'Titanic II' starring "Dollar Bill"

This is not a correct statement, and you should consult a USA/THAI tax attorney if you are bringing in a substantial amount of money other than your U.S. paid Social Security/Pension.

If you live in Thailand for over 180 days, you are considered a resident and there is a very good chance you will be challenged at some point to declare all income earned in or after 2024 that you brought into the country (but everything is in the air right now).

You can apply a tax credit for taxes you have already paid in a foreign country. Article 2 of the DTA might help.

Disclaimer: I am a certified Ford Senior Master Technician (car mechanic), so I am qualified to give free tax advice to anyone that will listen.

"Social security benefits and other similar public pensions paid by a Contracting State to a resident of the other Contracting State or a citizen of the United States shall be taxable only in the first-mentioned State."

This means that your U.S. Social Security income, even when brought into Thailand, is only taxable by the United States and not by Thailand. This provides protection to your Social Security income, ensuring it is not subject to double taxation.

@Brandon ***********

BUT? "If I am declaring $30,000 from Social Security as my sole income in the U.S., and due to typical 'low income' deductions, the tax owed is zero, does this count as having been 'taxed' under the terms of the Double Taxation Agreement (DTA) with Thailand? My understanding is that you get a credit here for what you paid in taxes in your home country, which in this case would be zero.

First question: What did the other guys have pre-wired, and can you make it good enough for your needs? It would save you a lot of time. I have blazing fiber for 600 THB a month through 3BB in Nimman.

I always check the rates with CUEX. Then go direct to Wise, Western Union, XE, Moneygram, etc. I'm never in a rush for the money when transferring from the UK and USA, and I only transfer every 3-6 months. Western Union has been good.

This is so confusing but simplistic I thought Non-O = Single Entry ฿1,000

Multiple Entry ฿3,800 baht. I go home twice a year so chose 2 x ฿1,000 and save ฿1,800

I live in Chiang Mai and have a 062 prefix drop the 66 have called 4 times always got through. No point in making that up.

"What is wrong with you people? 'I am wrong'? 'I lied?' I had a question about getting a better interest rate on the 800k. I called 66 2 645 5555 and got an answer. I also called about a 300 THB ATM card charge; 66 2 645 5555 they answered then too. I even called 66 53 282 100, the local bank, about my 12-month statement, and got an answer."